A quick glance at the AGAM website makes the investment company seem legitimate. However, there are a number of reports online claiming that Atlantic Global Asset Management – also known as “Questra” is a pyramid scheme designed to take the money of gullible investors.

Questra is particularly popular in Russia, Turkey, and Germany, although it’s starting to make its way over to English-speaking countries. The company’s official mobile app is labeled as “AGAM/Questra”, so it appears the company operates under both names.

Is Atlantic Global Asset Management really a scam? Or is this a legitimate investment opportunity? Let’s take a closer look at how it works.

How Does Atlantic Global Asset Management Work?

Atlantic Global Asset Management, also known as Questra, promises to pay investors 4 to 6% interest per week, every week. That would make the company one of the best investment opportunities on the planet. Even the world’s largest and most successful hedge funds will never guarantee returns like that.

Obviously, when someone promises to pay you 4 to 6% ROI per week for no apparent reason, it’s a sign that you’re dealing with a scam.

Nevertheless, Atlantic Global Asset Management claims all you need to do to get started with AtlanticGAM is to download the mobile app, available for Android.

You download and install the mobile app, then choose your “personal investment package”. The app lets you choose your desired investment currency, then set a length of time for your investment.

Screenshots of the app show users earning 218.4% profit per year, or 18.2% profit every month – guaranteed. Other screenshots show earnings as high as 240% per year.

As far as we can tell, AtlanticGAM has never paid investors anything close to these returns. The company doesn’t describe how it invests, or how it achieves such consistently high returns. In fact, as far as we can tell, AtlanticGAM will just take your money and do nothing with it. Like other pyramid schemes or Ponzi schemes, these scams revolve around taking the money of new investors to pay older investors, then repeating the cycle until the scheme collapses.

Based on everything we can find online, AtlanticGAM seems to work in a similar way to most pyramid schemes and investment scams online.

Who’s Behind AtlanticGAM?

AtlanticGAM took the time to launch a real office in Cape Verde. As “proof” that office exists, the company launched a hilarious YouTube video where they take viewers through the office. In that video, employees (or actors) are performing like people you see in business-themed stock photos. The “president” of the company walks past a room where two employees are sitting in front of a chart discussing business-y things. The entire video is stiff and awkward.

Cape Verde, by the way, is an island nation off the western coast of Africa. Although AtlanticGAM seems to market itself as a prestigious European business, its headquarters seem to be located in Africa. Multilevel marketing companies are rare in the EU due to stricter regulations, which means companies are often forced into Africa, Russia, or CIS countries.

With the launch of AtlanticGAM, the company appears to have opened an office in Madrid. However, it’s difficult to find any information about the company’s office addresses or locations.

Meanwhile, reports online link the company with a team of Ukrainian scammers. Those scammers were unsuccessful with Questra Holdings Inc., so they decided to launch a new platform called AtlanticGAM.

Atlantic Global Asset Management Conclusion

Questra Holdings, Inc. (Quetra.es) recently launched two new companies, including Questra World and Atlantic Global Asset Management, or AGAM.

Based on everything we can find online AtlanticGAM appears to be a pyramid scheme. The company claims to pay you unrealistically high ROIs for no apparent reason: all you need to do is give the company a bunch of money, and they’ll magically turn it into more money. They don’t appear to invest in any products or companies. Instead, the entire investment scheme seems to be based around a Ponzi-style system.